Barclays Corporate has renewed its credit arrangement with Savills plc.

The £50 million Revolving Credit Facility (RCF) provided to Savills is to be used for general corporate purposes.

The new facility matures on 31 March 2014, replacing the existing facility which was due to expire on 14 October 2011.

Savills plc is a global real estate services provider, containing an international network of more than 200 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East.

Andrea Delay, relationship director at Barclays Corporate, said: “We have enjoyed a long-standing relationship with Savills for the past 20 years which has enabled us to form a deep understanding of the business and offer a flexible financial solution to meet their requirements.